Delicately balanced
Medical schemes in South Africa face the challenge of correctly anticipating rebounding claims costs, but also deteriorating trends in membership and mix.
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South Africa
Doubling down on successful partnerships
The insurance industry in South Africa is doing its part in responding to a 1-in-100-year global event. While the path
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Covid-19 Actuarial Modelling of the Pandemic – South Africa
NMG Consulting created a multi-state actuarial model forecasting COVID-19 cases to help understand changes over the long term implications of
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Pricing strategies for an emerging normal
Medical schemes generated excess reserves during the pandemic, most intending to return these to members in future years. The approach taken to giving back by individual medical schemes could significantly impact their near-term competitiveness and sustainability.
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Readying to Rebound
A focus on growth is the logical post-pandemic response for South African insurers, strategies for which will require active support across the value chain, particularly from reinsurance partners.
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Funeral Insurance in South Africa: Market Review
The last few years have seen unprecedented challenges for the South African insurance industry. Although most of the attention is
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Insurance value chain reverts to fundamentals
Insurers and reinsurers in South Africa have introduced revamps in areas such as claims and underwriting.
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